FEATURED* CREDIT CARD DEALS
Credit Card City keeps Australia up to date with a selection of the latest credit card offers available for you to apply online. Our featured* credit cards are based in terms of the annual percentage interest rate on purchases, balance transfer rate and period, annual fee charges, rewards membership programs, interest free days, annual percentage interest rate on cash advances and more. In order to get the best credit card deal for you we recommend that you shop around and compare as many products as possible and seek the help of a qualified financial advisor before making any decision on applying for a new credit card.
Rate: 12.49% p.a. Type: Low Rate
2.9% p.a. for balance transfers for 12 months. Low interest rate of 12.49% p.a. on purchases. Up to 3 additional cards at no extra cost. Online Shopping guarantee with MasterCard applause...more info.
Rate: 13.49% p.a. Type: Rewards
1 Reward Point for every $1 you repay to your balance. Choose how you would like to be rewarded - Cashback, Shopping Vouchers or Gift Cards. 2.9% p.a balance transfers for 12 months. Up to a $15,000 credit limit...more info.
Rate: 16.99% p.a. Type: Low Rate
$0 Annual Fee, for the life of the card. $50 cashback when you spend $500 or more for each of the first 3 months of your HSBC Credit Card. 5.99% on balance transfers...more info.
Rate: 18.74% p.a Type: Rewards
Bonus $50 shopping card1 if you apply by 31 March 2010, and make 3 purchases on your new card by 31 May 2010.. Get rewards for everyday spending. No annual fee for the first year...more info.
Rate: 11.49% p.a Type: Platinum
0.99% p.a. on balance transfers for 6 months. After 6 months, reverts back to a very low 11.49% p.a. Complementary international travel insurance, entertainment offers and more...more info.
Rate: 12.29% p.a. Type: Low Rate
2.99% p.a on balance transfers for the 1st 6 months. 2.99% p.a. on purchases for the 1st 6 months. Reverts to a low rate on purchases, now just 12.29% p.a. Low annual account fee of $49...more info.
Rate: 19.89% p.a. Type: Fuel Rewards
Save 5% off BP petrol and anything you buy at BP. 2.9% for 12 months on balance transfers. Save up to $660 per year. 5 Star Superior Value Canstar Cannex rating in Cash Rewards.. Credit limit of up to $25,000. ..more info.
Rate: 11.74% p.a. Type: Rewards
Low variable rate on purchases - just 11.74% p.a. 2.99% p.a. on any balance transfer for up to 6 months from the date your account is opened. Low $55 annual fee. Excellent credit needed...more info.
CONSIDERATIONS BEFORE APPLYING FOR A CREDIT CARD
There are many reasons for and against applying for a new credit card offer. Some of the positives about credit cards are:
- Credit cards give you the option of paying for an item you want now and paying it off at a later time.
- Helping Establish a good credit history can be done with responsible use of a credit card.
- You can shop online, book online or make payments over the telephone.
- Some credit cards offer rewards such as, frequent flyers, shopping discounts, cash back and more.
Some reasons that you may not want to apply for a new credit card are:
- Credit card debt has to be paid back at an interest rate ranging from around 10 to 20 percent.
- Temptation of purchasing products that you can not afford.
- The accumulation of credit card debt on multiple cards.
- Stress of trying to make monthly repayments.
- Annual fees and late payment charges.
If you feel that credit card debt is effecting your everyday life then go to the
Financial Survival Guide for more information.
CHEAP CREDIT CARD - IS THERE SUCH A THING?
The term cheap credit card can be applied when individuals use a card responsibly. The factors than can classify a credit card offer as cheap can include, interest rate, annual fees and charges, balance transfers and cash back rewards. If you are looking for a cheap credit card deal, then be sure to carefully compare the offers available online.
BALANCE TRANSFER CREDIT CARDS
Balance transfer offers allow you to transfer the credit card balance from your current credit card, to a new credit card offer (normally at a lower rate of interest). For example you may have a credit card with $2000 owing at 20%, you may opt for a balance transfer deal that gives you 0% interest for 6 months. If you pay off the $2000 in within 6 months you would have saved on the interest that you would have paid on your old credit card, plus could be paying as little as 10% for future purchases depending on the new credit card features. A small fee normally is associated with a balance transfer, so check with the providing credit card issuer for exact fees.
Balance transfer offers can be worth the effort, if you are sure you can pay the outstanding amount in the period allocated. If you do not pay off your debt within the special introductory period, then the outstanding amount normally reverts to a cash advance percentage, on average this is around 20%. If you have a large amount of credit card debt from multiple cards then a balance transfer may not be right for you. For help with excessive credit card debt go this financial government web site for further information.
FEATURES OF THE BEST CREDIT CARD OFFERS
There are many qualities that go into making the
best credit cards. The best credit cards come with a low interest rate on purchases and cash advances, a low percentage balance transfer offer for an extended period of time, rewards for paying your credit card bill on time, a low or
no annual fee, good customer support, easy to read credit card statement, an extended interest free period and more.
CREDIT CARDS AND AUSTRALIA
Unlike our counter parts in the United States, Australia has had strict laws in place to sustain the credit card industry and protect consumers from over committing to debt. The Australian government regulates credit cards with strict set of guidelines and spends countless resources to enforce that these rules are followed. These strong set of regulations have helped Australia recover from the economic crisis in a speedier manner than most other countries in the world. To find out more about Australian credit card regulations and how you are protected check out the government funded understanding money website.
REWARD CREDIT CARD INFORMATION
In order to get the best reward credit card offer for you, it is important to understand the difference between the types of rewards you can receive.
- Airline Rewards - When you have enough frequent flyer points accumulated you to fly on certain airlines for free or at discount. You can also receive other travel benefits such as travel insurance, car hire, hotels and holiday packages.
- Shopping Rewards - Shopping reward credit cards allow you to be rewarded for shopping on your credit card and paying the bill on time. Your loyal shopping can land you shopping discount vouchers or cash back.
- Petrol Rewards - if you are looking for discounted fuel, some credit cards offer you a petrol rewards program that you can use to save with your fuel bill.
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